EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

The Company’s basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period.

Diluted EPS reflects the potential dilution that could occur if dilutive securities were exercised into common stock. Stock options, restricted stock units and performance stock units are considered dilutive securities.

A reconciliation of basic and diluted earnings per share is as follows (in millions of dollars and shares, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Basic EPS attributable to common shareholders
Net income (loss) attributable to CNH Industrial N.V.	$	433	$	706	$	834	$	1,188
Weighted average common shares outstanding—basic	1,256		1,338		1,258		1,340
Basic earnings (loss) per share	$	0.34	$	0.53	$	0.66	$	0.89
Diluted EPS attributable to common shareholders
Weighted average common shares outstanding—basic	1,256		1,338		1,258		1,340
Dilutive effect of stock compensation plans (1)	4		17		9		17
Weighted average common shares outstanding—diluted	1,260		1,355		1,267		1,357
Diluted earnings (loss) per share	$	0.34	$	0.52	$	0.66	$	0.88

(1) For the three and six months ended June 30, 2024, 22,000 and 312,000 shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact. For the three and six months ended June 30, 2023, no shares were excluded from the computation of diluted earnings per share